H & C WHITEHEAD (HOLDINGS) LIMITED


Director	WHITEHEAD, David


Registered Address	Prospect Works
	Bradford Road
	Brighouse
	HD6 4DJ


Registered Number	05658079 (England and Wales)

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	50
	Fixtures and fittings	3

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

	Lease incentives
	Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 August 24	2,400,109	27,543	2,427,652
Additions	96,553	55,979	152,532
Revaluations	(496,662)	-	(496,662)
At 31 July 25	2,000,000	83,522	2,083,522
Depreciation and impairment
At 01 August 24	502,902	21,402	524,304
Charge for year	-	18,470	18,470
Revaluation surplus	(502,902)	-	(502,902)
At 31 July 25	-	39,872	39,872
Net book value
At 31 July 25	2,000,000	43,650	2,043,650
At 31 July 24	1,897,207	6,141	1,903,348


	Included in freehold property is freehold land at valuation of £200,000 (2024 - £200,000) which is not depreciated.

4.	Revaluation of property, plant and equipment
	During the period ended 31 July 2025 Walker Singleton valued the freehold property at £2,000,000 on a fair value basis. It is the opinion of the directors that this valuation has not materially altered at the period end date. If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows: Cost £2,496,662 (2024 - £2,400,109) Accumulated depreciation £548,836 (2024 - £502,902) Net book value £1,947,826 (2024 - £1,897,207)

Revaluation of property, plant and equipment

During the period ended 31 July 2025 Walker Singleton valued the freehold property at £2,000,000 on a fair value basis. It is the opinion of the directors that this valuation has not materially altered at the period end date.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

Cost £2,496,662 (2024 - £2,400,109)
Accumulated depreciation £548,836 (2024 - £502,902)
Net book value £1,947,826 (2024 - £1,897,207)

		2025		2024
		£		£
	Land and buildings	2,000,000		2,400,109

5.	Investment property
	During the year ended 31 July 2025 Sanderson Weatherall valued the investment properties on a fair value basis. It is the opinion of the directors that this valuation has not materially altered at the period end date. Had the investment properties been accounted for under the historic cost accounting rules, the properties would have been measured as follows: Cost - £10,095,788 (2024 - £10,059,788) Accumulated depreciation - £985,362 (2024 - £783,446) Net book value - £9,110,426 (2024 - £9,276,342)

Investment property

During the year ended 31 July 2025 Sanderson Weatherall valued the investment properties on a fair value basis. It is the opinion of the directors that this valuation has not materially altered at the period end date.

Had the investment properties been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

Cost - £10,095,788 (2024 - £10,059,788)
Accumulated depreciation - £985,362 (2024 - £783,446)
Net book value - £9,110,426 (2024 - £9,276,342)


		£
	Fair value at 01 August 24	9,177,171
	Additions	36,000
	Fair value adjustments	536,829
	At 31 July 25	9,750,000

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 August 24	2,574,177	2,574,177
At 31 July 25	2,574,177	2,574,177
Net book value
At 31 July 25	2,574,177	2,574,177
At 31 July 24	2,574,177	2,574,177

	Notes
	¹Investments in group undertakings and participating interests

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	2,005
Prepayments and accrued income	25,947	7,875
Total	25,947	9,880

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,000,000	-
Amounts owed to related parties	3,689,449	3,513,311
Taxation and social security	6,957	7,662
Other creditors	2,100	2,100
Accrued liabilities and deferred income	47,733	2,428
Total	8,746,239	3,525,501


	The bank loan, due within one year, totalling £5,000,000 (2024 - £Nil) is secured over the investment property and the remaining assets of the company.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	5,000,000
Total	-	5,000,000


	The bank loan, due over one year, totalling £Nil (2024 - £5,000,000) is secured over the investment property and the remaining assets of the company.

10.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position. The provision for deferred tax is made up of £3,000 in respect of accelerated capital allowances, £134,000 in respect of fair value on investment property and £2,000 in respect of fair value on revalued tangible assets.

10.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

The provision for deferred tax is made up of £3,000 in respect of accelerated capital allowances, £134,000 in respect of fair value on investment property and £2,000 in respect of fair value on revalued tangible assets.

	2025	2024
	£	£
Net deferred tax liability (asset)	139,000	-
Other provisions	142,401	132,971
Total	281,401	132,971

11.	Revaluation reserve
	The revaluation reserve represents the amount of unrealised surplus created when the freehold property was revalued, less any deferred tax provision. The reserve represents non-distributable funds.


		£
	Revaluations of plant, property and equipment	6,241
	Deferred Tax on Revaluations	(2,000)
	At 31 July 25	4,241

12.	Related party transactions
	The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the Group, since 100% of the voting rights in the Company are controlled within the Group. Included within creditors, amounts falling due within one year, is an amount of £2,000 (2024 - £2,000) due to D Whitehead. The loan is interest free and payable on demand.

12.

Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the Group, since 100% of the voting rights in the Company are controlled within the Group.

Included within creditors, amounts falling due within one year, is an amount of £2,000 (2024 - £2,000) due to D Whitehead. The loan is interest free and payable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,043,650		1,903,348
Investments	6		2,574,177		2,574,177
Investment property	5		9,750,000		9,177,171
			14,367,827		13,654,696
Current assets
Debtors	7	25,947		9,880
Cash at bank and on hand		1,610		33,031
		27,557		42,911
Creditors amounts falling due within one year	8	(8,746,239)		(3,525,501)
Net current assets (liabilities)			(8,718,682)		(3,482,590)
Total assets less current liabilities			5,649,145		10,172,106
Creditors amounts falling due after one year	9		-		(5,000,000)
Provisions for liabilities	10		(281,401)		(132,971)
Net assets			5,367,744		5,039,135
Capital and reserves
Called up share capital			38,499		38,499
Share premium			2,535,580		2,535,580
Revaluation reserve			4,241		-
Profit and loss account			2,789,424		2,465,056
Shareholders' funds	11		5,367,744		5,039,135